Digimarc Corporation $DMRC Shares Sold by Woodson Capital Management LP

Woodson Capital Management LP reduced its position in Digimarc Corporation (NASDAQ:DMRC) by 26.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 250,000 shares of the information technology services provider’s stock after selling 90,000 shares during the period. Digimarc comprises 0.4% of Woodson Capital Management LP’s investment portfolio, making the stock its 22nd biggest position. Woodson Capital Management LP’s holdings in Digimarc were worth $2,442,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. FNY Investment Advisers LLC acquired a new position in Digimarc in the 2nd quarter valued at about $35,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Digimarc in the 2nd quarter worth about $65,000. Cubist Systematic Strategies LLC acquired a new position in shares of Digimarc in the 1st quarter valued at about $128,000. Engineers Gate Manager LP purchased a new stake in shares of Digimarc during the 2nd quarter worth about $132,000. Finally, Jump Financial LLC acquired a new stake in Digimarc during the 2nd quarter worth approximately $163,000. 66.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DMRC. Needham & Company LLC decreased their price objective on shares of Digimarc from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Digimarc in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Digimarc currently has an average rating of “Hold” and an average target price of $20.00.

Digimarc Stock Performance

NASDAQ DMRC opened at $6.39 on Friday. The firm has a market capitalization of $139.05 million, a PE ratio of -3.74 and a beta of 1.67. Digimarc Corporation has a one year low of $6.11 and a one year high of $44.76. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $9.42.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Thursday, October 30th. The information technology services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). The company had revenue of $7.63 million for the quarter, compared to the consensus estimate of $7.75 million. Digimarc had a negative return on equity of 50.08% and a negative net margin of 109.17%.

About Digimarc

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.